9/1/2011 - DDM - PROSHARES ULTRA DOW 30 ETF

THE VULCAN REPORT
Review of $0$ DDM - PROSHARES ULTRA DOW 30 ETF (DDM)
as of Wednesday, August 31, 2011


Today's Price Action


Change   prices closed lower than they opened. with weak Bids going into the close.  0.5200 (0.96%) 


A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     30.34
Swing Vix:     27.00


The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    5 period(s) ago. The Swing Vix is above 29.  This is where it usually forms Resistance.  The Swing Vix usually forms Resistance before the underlying security.  
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.  


*The last signal was a Over-Sold Buy 14 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.
      
  *Since the last Swing Vix signal, $0$ DDM - PROSHARES ULTRA DOW 30 ETF's price has increased 5.29% , and has ranged from a high of  55.74 to a low of  48.62.


     MOMENTUM


     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at-    53.81.


        TREND STRENGTH - ,,,BEARISH MOMENTUM


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    53.81


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    55.83




INTRADAY PRICE PROJECTIONS
RESISTANCE    55.83 -  GO LONG here    56.58 place stoploss here    53.10


SUPPORT    53.91 - GO SHORT here    53.10 - place stoploss here    56.58 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    55.07-  


PulseWave BreakOut SUPPORT -    45.77- GO SHORT here    45.77 place stoploss here    56.58


MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at -    53.81
Long term Trend Line support is currently at -    39.89
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =    12.05


VOLATILITY
On 8/31/2011, $0$ DDM - PROSHARES ULTRA DOW 30 ETF closed   
below the upper band by 13.7%.